US - Texas Permanent School Fund has reportedly revealed plans to add up to US$2.6bn in absolute return funds of funds.
The $23.9bn billion fund will reportedly allocate the money gradually to one or more actively managed multistrategy, multimanager funds.
The decision was said to have been made following a new strategic asset allocation policy approved earlier this month by the state board of education.
The fund’s current asset allocation is 55% domestic equities, 25% fixed income and 20% international equities.
In a separate development, New York State Teachers’ Retirement System (NYSTRS) has decided to reduce its domestic equity target from 51% to 46% of assets, and boost its international equity target to 15% from 10%.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.